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August 21, 2008 7:19:08 PM CDT

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Stories related to: tax breaks

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15 Stories

  • August 2008

    • Candidates Differ Most Widely on Wealthy

      Los Angeles Times  |  3 hours, 21 minutes ago

      Candidates Differ Most Widely on Wealthy

      (Newser) - John McCain and Barack Obama both target the very wealthy in plans to overhaul the tax code, to the opposite effect: Obama would raise their taxes and McCain would cut them. It's the most profound difference in their dueling proposals to stimulate the economy, the Los Angeles Times notes in a piece spelling out the ideas, and despite their "maverick" and "postpartisan" labels, they fall along traditional Republican and Democratic lines. More »

      Tags

      Barack Obama  • John McCain  • election 2008  • tax breaks  • tax policy

  • July 2008

    • Hedge Funds Turn Bullish on Lobbying

      Politico  |  Jul 8, 08 4:40 PM CDT

      Hedge Funds Turn Bullish on Lobbying

      (Newser) - The hedge-fund industry is stepping up its lobbying efforts, Politico reports, having belatedly realized how tempting a target it presents to cash-strapped politicians. Facing attacks from both sides of the aisle for their tax-free offshore accounts and lightly taxed incomes, hedge funds upped lobbying spending to $1.9 million last year, and have donated $10.6 million to campaigns this election cycle. More »

      Tags

      lobbyists  • lobbying  • tax breaks  • hedge funds

    • McCain's Energy Record Reveals Muddled Mess

      Los Angeles Times  |  Jul 1, 08 4:38 PM CDT

      McCain's Energy Record Reveals Muddled Mess

      (Newser) - John McCain can’t seem to settle on a comprehensible energy policy, Noam Levey writes in the Los Angeles Times , noting that the Republican has been on both sides of issues from oil drilling to ethanol. He favors fuel-efficiency standards while rejecting renewable-sources guidelines and rejects tax breaks on renewables while supporting nuclear subsidies. “There is a very sporadic pattern here,” said one environmentalist. More »

      Tags

      John McCain  • ethanol  • renewable energy  • tax breaks  • energy markets  • nuclear fuel  • contradiction

  • June 2008

    • Where Will Cost of Gas Drive Us?

      New York Times  |  Jun 29, 08 12:27 PM CDT

      Where Will Cost of Gas Drive Us?

      (Newser) - How does really expensive fuel affect you? The New York Times Op-Ed page asked 10 writers to ruminate on that question, and the responses are all over the map: The lure of staying home could have workers demanding tax changes that benefit telecommuters, thinks Nicole Belson Goluboff. Say goodbye to suburbia, says Allison Arieff: cities are more efficient. More »

      Tags

      gas prices  • public transportation  • tax breaks  • energy costs  • suburbs  • commuting  • biking

  • April 2008

    • Clinton, Obama Split on Federal Gas Tax 'Vacation'

      New York Times  |  Apr 29, 08 9:06 AM CDT

      Clinton, Obama Split on Federal Gas Tax 'Vacation'

      (Newser) - Hillary Clinton has joined John McCain's call for a summer holiday from the federal gasoline tax, but Barack Obama says the move will hurt more than it helps, the New York Times reports. Clinton says she’d pay for it with a windfall-profits tax on the oil companies. “Middle-class families are paying too much and oil companies aren’t paying their fair share,” Clinton said. More »

      Tags

      Barack Obama  • Hillary Clinton  • John McCain  • Obama 2008  • Clinton 2008  • tax breaks  • gas tax

    • Critics: Nonprofit Hospitals Unhealthily Rich

      Wall Street Journal  |  Apr 4, 08 2:20 PM CDT

      Critics: Nonprofit Hospitals Unhealthily Rich

      (Newser) - Nonprofit hospitals are making more money than for-profit hospitals, and that has many critics wondering why they get such sweet tax breaks, the Wall Street Journal reports. Seventy-seven percent of nonprofits are making money, with at least 25 pulling in more than $250 million a year. Many are spending that money on new facilities and executive pay, rather than charity care. More »

      Tags

      hospital  • health care costs  • tax breaks  • nonprofit  • Charles Grassley

  • February 2008
  • January 2008
  • December 2007
  • November 2007

    • Looming Tax Bill to Test Dem Loyalties

      Washington Post  |  Nov 7, 07 8:04 PM CST

      Looming Tax Bill to Test Dem Loyalties

      (Newser) - A bill to give tax breaks to middle- and low-income people by closing loopholes that keep equity executives’ tax rates low is set for a vote this week in Congress, the Washington Post reports, forcing Democrats to choose between standing up for the common man and protecting the hedge-fund managers who keep campaign coffers full. More »

      Tags

      Congress  • hedge fund  • tax cuts  • tax breaks  • equity trading

  • October 2007

    • Buffett: I Should Pay More Taxes

      Guardian (UK)  |  Oct 31, 07 10:41 AM CDT

      Buffett: I Should Pay More Taxes

      (Newser) - America’s second-richest man, Warren Buffett, stood up for the little guy last night, telling NBC that he and über-wealthy people like him should pay more taxes. The system has dramatically “tilted toward the rich and away from the middle class,” he said. Surveying his office, Buffett found his 17.7% tax rate was less than anyone—“from the receptionist up.” More »

      Tags

      taxes  • Warren Buffett  • tax cuts  • tax breaks  • capital gains tax  • Chamber of Commerce

    • Rangel Floats Sweeping Tax Reform Bill

      New York Times  |  Oct 25, 07 2:06 PM CDT

      Rangel Floats Sweeping Tax Reform Bill

      (Newser) - A Democratic bill unveiled today would dramatically alter the tax code, hiking taxes for those making more than $200,000 and slashing them for most others. The overhaul, which would effectively roll back Bush’s cuts for the wealthy, isn’t expected to get any traction until the White House has a new occupant, the New York Times notes, and is seen as a preview of future plans. More »

      Tags

      George W. Bush  • tax cuts  • tax breaks  • Charles Rangel

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